Media Room

2008/3/28
Acquisition of shares of Tachibana K.K. by Tokachi K.K.

This is to announce that Tokachi K.K. ("Tokachi"), invested in through our wholly managed and operated J-STAR Number One Investment Limited partnership, has successfully acquired 100% of Tachibana K.K. ("Tachibana"), a manufacturer and seller of Japanese sweets.

Tachibana was established in 1959 by founder Junzo Tachibana. It sells its brand of Japanese sweets in 7 stores mainly along the Keio train line. Its popular products hold a high degree of name recognition and brand value especially in Tokyo's Setagaya ward. Tokachi manufactures and sells Japanese sweets across 19 stores in southern Saitama and Tokyo's Adachi ward. Similar to Tachibana, it receives strong support from local customers.

In line with the share acquisition, Tokachi and Tachibana will cooperate on addressing the increasingly talked about issue of food safety as well as the rising cost of raw materials. This will serve to deliver local customers something new along with safety, peace of mind and good taste.

Additionally, following the share acquisition there will be no change in Tachibana's business or store operations, and will continue to deliver the taste loved by customers since its founding.

Tachibana K.K. Company Outline

Name

Kashin Tachibana

Established

April, 1967 (Founded 1959)

Address

5-14-5 Chitosekarasuyama, Setagaya-ku, Tokyo

Representative

Shoichi Ohno

Employees

90 (Including part time)

Stores

7 directly operated stores including main location in Chitosekarasuyama